AUSTIN, Texas, March 4, 2020 /PRNewswire/ -- CB Insights named SparkCognition to the fourth annual AI 100 ranking, showcasing the 100 most promising private artificial intelligence companies in the world. This makes SparkCognition one of only two companies to be listed on every AI 100 List since its inauguration in 2017.
"It's been remarkable to see the success of the companies named to the Artificial Intelligence 100 over the last four years. The 2019 AI 100 saw 48 companies go on to raise $4.9B of additional financing and nine got acquired," said CB Insights CEO Anand Sanwal. "It has been gratifying to see that CB Insights' data-driven approach to identifying the top AI companies using patents, customer traction, investor quality, market sizing and more has become so effective at picking the AI winners of tomorrow. We look forward to seeing what the 2020 AI 100 companies will accomplish over the course of this year and beyond."
In addition to disrupting core sectors including healthcare, retail, and finance, the 2020 AI 100 companies are revamping the broader enterprise tech stack. These companies span the globe, from the US, UK, China, Chile, and South Africa, and are supported by more than 600 investors.
"We're very happy to be named to CB Insights' AI 100 List for the fourth time," said Amir Husain, Founder and CEO of SparkCognition. "2019 was a banner year with tremendous value delivery to our clients, a $100M funding round, significant product releases, and seminal advancements in our AI research. And we are poised for an even more fantastic 2020!"
Through an evidence-based approach, the CB Insights research team selected the AI 100 from nearly 5,000 companies based on several factors including patent activity, investor quality, news sentiment analysis, proprietary Mosaic scores, market potential, partnerships, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights' algorithm, measures the overall health and growth potential of private companies to help predict a company's momentum.
SparkCognition is a leading industrial artificial intelligence company that builds AI solutions for industrial applications, working with industries including energy, aerospace and aviation, cybersecurity, and more. With a foundation of deep AI expertise and investment in research and advancing the science of artificial intelligence, SparkCognition currently offers four main products: SparkPredict, an analytics solution, Darwin, a data science automation platform, DeepArmor, a cybersecurity platform, and DeepNLP, a natural language processing solution. In October 2019, SparkCognition announced the close of its $100M Series C funding round from investors including March Capital Partners, Temasek, Kerogen Digital Solutions, and Hearst Ventures.
Quick facts on the 2020 AI 100:
- As of the end of February 2020, these 100 emerging private companies have raised over $7.4B in funding across 300+ deals from 600+ unique investors.
- There are 10 unicorns (companies valued over $1B) in this year's AI 100 cohort.
- The list spans across various industries, including healthcare, retail & warehouse, and finance & insurance.
- 13 countries, such as China, Sweden, and Japan, are represented on the ranking. The majority of startups (65%) are based in the United States.
About CB Insights
CB Insights helps the world's leading companies accelerate their digital strategy and transformation efforts with data, not opinion. Our Emerging Tech Insights Platform provides companies with actionable insights and tools to discover and manage their response to emerging technology and startups. To learn more, please visit www.cbinsights.com.
With award-winning machine learning technology, a multinational footprint, and expert teams focused on defense, IIoT, and finance, SparkCognition builds artificial intelligence systems to advance the most important interests of society. Our customers are trusted with protecting and advancing lives, infrastructure, and financial systems across the globe. They turn to SparkCognition to help them analyze complex data, empower decision-making, and transform human and industrial productivity. SparkCognition offers four main products: DarwinTM, DeepArmor®️, SparkPredict®️, and DeepNLPTM. With our leading-edge artificial intelligence platforms, our clients can adapt to a rapidly changing digital landscape and accelerate their business strategies. Learn more about SparkCognition's AI applications and why we've been featured in CNBC's 2017 Disruptor 50, and recognized three years in a row on CB Insights AI 100, by visiting www.sparkcognition.com.